A friend recently described an interesting example of fraud
in a business. It seems his company operates a fleet of rented vehicles. The
rental company contractually provides a credit card and monitoring program for each vehicle keeping
track of fuel utilization and service needs. They provide a monthly fleet
status report. Upon a periodic review a determination was made that some of the
vehicles had excessive fuel charges.
An extensive investigation over a long period of time found
that one of the regular vehicle users had a habit of taking the credit cards at
the end of his shift, purchasing and reselling excessive amounts of fuel on a
regular basis.
An argument ensued between the two organizations about who
owned the responsibility of catching this issue earlier. The employee was fired
of course.
How do you monitor fraud in your organization?
Steve Koenig, SCORE Counselor
Visit us at: www.scoresouthflorida.net
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